Two sides of the same coin: Monetary incentives concurrently improve and bias confidence judgments

Maël Lebreton, Shari Langdon, Matthijs J Slieker, Jip S Nooitgedacht, Anna E Goudriaan, D. Denys, Ruth J van Holst, Judy Luigjes

Onderzoeksoutput: Bijdrage aan wetenschappelijk tijdschrift/periodieke uitgaveArtikelWetenschappelijkpeer review

121 Downloads (Pure)

Samenvatting

Decisions are accompanied by a feeling of confidence, that is, a belief about the decision being correct. Confidence accuracy is critical, notably in high-stakes situations such as medical or financial decision-making. We investigated how incentive motivation influences confidence accuracy by combining a perceptual task with a confidence incentivization mechanism. By varying the magnitude and valence (gains or losses) of monetary incentives, we orthogonalized their motivational and affective components. Corroborating theories of rational decision-making and motivation, our results first reveal that the motivational value of incentives improves aspects of confidence accuracy. However, in line with a value-confidence interaction hypothesis, we further show that the affective value of incentives concurrently biases confidence reports, thus degrading confidence accuracy. Finally, we demonstrate that the motivational and affective effects of incentives differentially affect how confidence builds on perceptual evidence. Together, these findings may provide new hints about confidence miscalibration in healthy or pathological contexts.

Originele taal-2Engels
Pagina's (van-tot)eaaq0668
TijdschriftScience advances
Volume4
Nummer van het tijdschrift5
DOI's
StatusGepubliceerd - 2018

Vingerafdruk

Duik in de onderzoeksthema's van 'Two sides of the same coin: Monetary incentives concurrently improve and bias confidence judgments'. Samen vormen ze een unieke vingerafdruk.

Citeer dit